Some selling today, and there are a few levels in play: DIA JanR1 and QQQ Q1R2.

In addition, TLT managed to hold JanP as support.

That said I think this is first reaction on a headline and willing to give bulls the benefit of the doubt and another day. At this point, VIX into the 9s seems just as likely and above a monthly pivot.

Interesting action in DXY, which tested 2HP for 4 trading days and recovering Q1P as I type. Further dollar strength would undo the global market rallies we have seen in 2017 thus far and sink gold.

SPY, QQQ, DIA and DXY below.